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Den Hoorn

Den Hoorn, Netherlands, warehouse purchased for €49.9 million

The Company was pleased to announce in January 2020 that it had completed the acquisition of a logistics warehouse in Den Hoorn, the Netherlands, for a net value of €49.9 million, providing a net initial yield of 4.5%.

This is a newly built warehouse on a perpetual leasehold with the option to purchase the freehold from the local municipality. Built to a modern specification, it is a quality warehouse providing office and mezzanine space of over 43,000 square metres.

The warehouse has an attractive income profile and is wholly leased to logistics operator A.G. van der Helm Vastgoed Moerdijk B.V. as its headquarters on a ten year CPI indexed lease.

The warehouse is located centrally within the Randstad region, the most densely populated area in the Netherlands, close to both the Hague and Rotterdam with access to the A4 connecting Den Hoorn with the port of Rotterdam and Schiphol airport. Thanks to its urban location, the site has attracted strong demand from other third-party logistics and 'last-mile' delivery operators such as PostNL and DHL.

This brand new grade A building is located on the Harnaschpolder business park and provides clear eaves to 12.2 metres with 36 loading docks. The heat pump VRF-cooling system, heat recovery and sprinkler system together with LED lighting and solar roof panels add sustainable credentials to the investment.

Property Map

Risk warning
The value of investments and the income from them can go down as well as up and you may get back less than the amount invested. The tax benefits relating to ISA investments may not be maintained. Investors should review the relevant Key Information Document (KID) brochure prior to making an investment decision.
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Legal Notice

NMPI Status

The Company currently conducts its affairs so that securities issued by Aberdeen Standard European Logistics Income PLC can be recommended by financial advisers to ordinary retail investors in accordance with the FCA’s rules in relation to non-mainstream pooled investment products (NMPIs) and intends to continue to do so for the foreseeable future.

The Company’s securities are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are securities in an investment trust.

Pre-investment Disclosure Document (PIDD)

The Alternative Investment Fund Manager Directive (“AIFMD”) requires Aberdeen Standard Fund Managers Limited, as the alternative investment fund manager of Aberdeen Standard European Logistics Income PLC, to make available to investors certain information prior to such investors’ investment in the Company.

The AIFMD is intended to offer increased protection to investors in investment products that do not fall under the existing European Union regime for regulation of investment products known as “UCITS”.

Aberdeen Asset Managers Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom. The information contained in this website does not constitute an offer of, or an invitation to apply for securities in any jurisdiction where such an offer or invitation is unlawful, or in which the person making such an offer is not qualified to do so. Aberdeen Asset Managers accepts no responsibility for the content of any external web sites.